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In Macroeconomics the object is to study the performance, structure and behavior of a national or regional economy as a whole. The textbook provides a comprehensive overview of all facets from Macroeconomics.

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Sisältö

Prices and inflation

Prices and price level

Inflation

Exchange rate

Definition

Exchange rate systems

Changes in the exchange rate

The euro against the US dollar

Effective exchange rate

Gross domestic product

Definition

Real GDP

Growth

Purchasing power

GDP is a flow!

The components of GDP

The circular flow – simple version

The circular flow – a more detailed version

Modeling a firm and the concept value added

Firms in the circular flow

Circular flow – circulation of goods

Circular flow – circulation of money

Private sector in the circular flow

The Government, Rest of the World and the financial markets

Components of GDP

Four different measures of GDP

Capital

Investment

Components of GDP in numbers 200x

The Labor Market

Introduction

Uneployment classification

Full employmen

Wages

Money and banks

Money

Central banks

Commercial banks

Interest rate

Introduction

Market interest rates

Overnight interest rates

Monetary policy

The real interest rate

Macroeconomic models

Introduction

Common assumptions

The macroeconomic variables

About the various models

Growth theory

Introduction

The aggregate production function

Growth Theories

Endogenous growth theory

Separation of growth and fluctuation

The classical model

Introduction

Labor Market

GDP, and Say’s Law

The price level and the quantity theory of money

Interest rate, consumption and investment

Determination of all the variables in the classical model

Keynesian cross model

Introduction

Aggregate demand

Determination of GDP in the cross model

Labor market

IS-LM-model

Introduction

Aggregate demand

The money market

IS-LM diagram

The Labor Market

The AS-AD-model

Introduction

The assumptions of the AS-AD model

The goods and the money market in the AS-AD model

The money market

Aggregate supply

Determination of all the endogenous variables in the AS-AD model

The complete Keynesian model

Introduction

Adjustments to the Keynesian models when wages are no longer constant

The IS-LM model with inflation

The AS-AD model with inflation

The Phillips curve

The neo-classical synthesis

Introduction

The various Phillips curves

From short to long run

SAS-LAS-AD model of the neo-classical synthesis

Exchange rate determination and the Mundell-Fleming model

Introduction

The classical model of exchange rate determination

The exchange rate

Mundell-Fleming model

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